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Dec 8, 2012
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun preparing for use a nerve gas, one that's capable of killing thousands of people. the question is is the syrian president bashar assad ready to unleash a chemical weapon on his own people. the latest analysis coming up. don't expect to start using your cell phones on airplanes. at least not yet. it could soon be okay to use your ipad, kindle and laptop takeoff and landing at least if one government heavy hitter gets his way.
when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is...
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Dec 8, 2012
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and buying more cars and supposedly if we avoid going over this fiscal cliff it will be good for the manufacturing sector. you are not saying happy days are here again, but there is cause for caution. >> i am saying let's not pop champagne bottles. let's see how this goes month after month for a period of six months. and then make a better a -- make a better assessment fnlt. >> if you were advising those people, kyle, who find themselves with smaller salaries, what do you say? >> i say be very protective over your job that you have now. continue to hone your skills in not only the job you have, but make sure -- you noy a lot of people are changing -- you know, a lot of people are changing careers to be productive in the workforce and to contribute. i think education is key. whether it be going to school part-time -- and i know these things cost money, but whether it be on-line or it be seeking some sort of education in another area to make sure that your skill set is diverse. >> you mentioned on-line. there is a lot of stuff on-line in a good way that you can actually gain some knowl
and buying more cars and supposedly if we avoid going over this fiscal cliff it will be good for the manufacturing sector. you are not saying happy days are here again, but there is cause for caution. >> i am saying let's not pop champagne bottles. let's see how this goes month after month for a period of six months. and then make a better a -- make a better assessment fnlt. >> if you were advising those people, kyle, who find themselves with smaller salaries, what do you say?...
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and the new jobs number, the fiscal cliff, all of it will be on the table when george stephanopoulos sits down with a turbocharged powerhouse round table. james carville, mary matalin and nobel prize-winning economist paul krugman, on sunday for "this week." >>> and now, we go overseas to syria, where people are fleeing amid fears that the assad regime will unleash chemical weapons. the region around the capital, damascus, now a battle zone. 2 million syrians now on the run, many of them children. and it is extremely difficult for journalists to enter that country and cover the chaos. but abc's alex marquardt pushed across the border tonight and he is there. alex? >> reporter: we've spent the day among the thousands of refugees living here, and the conditions are miserable. rain has turned the roads to rivers of mud, there's no power or gas for heat, and it's only getting colder by the day. the rain poured as we approached the crossing into syria. the first stop, a rebel checkpoint. tanks and men armed with ak-47s. once past them, a narrow, winding road that led us to white tents in
and the new jobs number, the fiscal cliff, all of it will be on the table when george stephanopoulos sits down with a turbocharged powerhouse round table. james carville, mary matalin and nobel prize-winning economist paul krugman, on sunday for "this week." >>> and now, we go overseas to syria, where people are fleeing amid fears that the assad regime will unleash chemical weapons. the region around the capital, damascus, now a battle zone. 2 million syrians now on the run,...
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Dec 8, 2012
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cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times reported that he signed papers to change to democrat at a christmas reception at the white house. >> yesterday marked the 71st anniversary of the pearl harbor attacks and many paused to remember that faceful day. in hawaii there was a moment of silence. that surprise attack killed about 2400 people. it was the start of the united states involvement in world war ii. >>> in alameda pearl harbor survivors took part in the ceremony at the coast guard island. the 21 guard salute honored the survivors, they are still fresh for the men who were there. 91-year-old was on the west virginia dur
cliff. >> we must reform the job killing tax code by getting rid of loopholes. our goal should be to create new taxpayers. the gop commented raising taxes won't solve the nation's 16 trillon dollar debt. the potentialal candidate in 2016 he said only economic growth and reformingen titlement programs can control the debt. >> the former florida governor said is he a democrat now. he announced that last night. he posted a photograph where he was holding a voter application. the times...
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Dec 8, 2012
12/12
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cliff is people feel a little bit more secure in their jobs. they know their company's in pretty good shape. what we need to see next are companies starting to grow, get more demand for treer products and services and start hiring. let's hope we see it in 2013. host: morgantown, go ahead? caller: yeah, i think george bush sold all our jobs overseas, and he ought to be sell all that oil he got and give the money to the people where they can take that money they've got there overseas -- caller: yeah, mr. newman, i think it is. you've really got some good points. but i was wondering, can you give me an answer for this theory i got. we got to remember that we were living in this bubble and we're never, ever, and we shouldn't ever try to get back to that inflated, unnatural way that we lived. we all don't need a big 50 inch screen tv. i mean, it's got to start at home. we have to learn to live within our means and i mean the big companies too. because they get to hire the big tax lawyers, accountants who can do big tricks. well boo, boo, boo. that's
cliff is people feel a little bit more secure in their jobs. they know their company's in pretty good shape. what we need to see next are companies starting to grow, get more demand for treer products and services and start hiring. let's hope we see it in 2013. host: morgantown, go ahead? caller: yeah, i think george bush sold all our jobs overseas, and he ought to be sell all that oil he got and give the money to the people where they can take that money they've got there overseas -- caller:...
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Dec 8, 2012
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everyone is wound up in a novel about the fiscal cliff. this is nothing compared to what is going to happen. using two million people losing their jobs is a big deal? if this debt bomb goes off you will see twenty million people lose their jobs. you will see 16% inflation, tax revenues go down, you will see all the pension plans in the country go belly up. what you are counting on isn't going to be there. your home is not going to be worth anything. your retirement won't be worth anything. the people who will survive that will be the very wealthy. we are going to see is crash of major proportions because we, those of us responsible having fulfilled our duty of sacrificing our political careers to do what is in the best interest of the country. >> host: michael in maryland, go ahead. >> caller: thank you. i have a question and comment. my first question is to you find out the two members of the oklahoma delegation who asked about this at -- sidewalks to know where and we could not compare our economy to greece, the greeks make a really -- d
everyone is wound up in a novel about the fiscal cliff. this is nothing compared to what is going to happen. using two million people losing their jobs is a big deal? if this debt bomb goes off you will see twenty million people lose their jobs. you will see 16% inflation, tax revenues go down, you will see all the pension plans in the country go belly up. what you are counting on isn't going to be there. your home is not going to be worth anything. your retirement won't be worth anything. the...
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Dec 8, 2012
12/12
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jobs. the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers? >> the payroll survey which is where we get the jobs created is generally a large company survey. so it may not pick up where the jobs were lost from the hurricane. the problem too is although the headline was positive the prior couple of months were revised down by a similar amount. i would say the report in general was about a neutral. >> also the fact the one employment rate dropped to 7.4% had a lot to do with fact people gave up looking for work. >> that's the rub. the headline is good. a big part of that reason is that over 300,000 people dropped out of the workforce
jobs. the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers?...
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Dec 8, 2012
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. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key. the top tax rate is set to rise from 35% to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and biden showed some wiggle room. >> the top brackets have to go up. it's not a negotiable issue. theoretically we can negotiate how far up. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city he
. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how...
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Dec 8, 2012
12/12
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when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. eight days ago, secretary geithner kaine your to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts, and it had an indefinite and infinite increase in the debt limit, like forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to push our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike he wanted, understand we will continue to see $1 trillion deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president does not agree with our proposal, we believe he has got an obligation to families and sm
when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. eight days ago, secretary geithner kaine your to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts, and it had an indefinite and infinite increase in the debt limit, like forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff....